Contract Changes (tsctm3120m000)
Use this session to initiate, display and activate changes for a single contract.
You can use this session for following type of changes:
Use the Generate Contract Changes (tsctm3202m000) session to perform following changes on multiple contracts:
When you renew a service contract, you can change the effective date and the expiry date on the service contract header:
Field Information
- Service Contract
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The service contract on which the changes are performed.
- Contract Status
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The Contract Status.
- Contract Change Number
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The contract change number allows multiple changes for a contract.
- Type
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The type of service contract changes.
- Description
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The description of the type of service contract change.
- Origin Contract Change
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The contract change number on which the latest change is applied.
- Description
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The description of the origin contract change number.
- Creation Time
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The date and time when the contract change is created.
- Change Status
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The status of the change. Following are the available values:
- Free: The change is just initiated.
- Active: The change is approved and committed.
- Change Period
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The time duration for which the changes applied to the contract are effective.
- Change Period Unit
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The unit of the renewal period.
- Effective Date
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The date and time from when the contract change is active.
- Change Effective Date
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The date and time when the change is initiated.
- Expiry Date
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The date on which the service contract expires. The expiry date is based on the Effective Date and the Change Period.
- Indexation Template
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The percentage by which the contract amount must be indexed is defined in the indexation template.
Note:- You must select a indexation template if type of contract change is indexation or renewal with indexation.
- Description
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The description of the indexation template.
- Penalty
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The penalty amount to process incidental changes to the service contract.
- Currency
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The currency of the penalty amount.
- Calculated Sales Amount
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The sales amount as calculated by the ERP.
- Sales Amount
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The new contract price resulting from the contract change. You can maintain the sales amount of a service contract for which the Recognize Revenue per Configuration checkbox is selected, by specifying the amount on the contract configuration line.
Note: - Cost Amount
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The total cost amount of the contract change. This amount is the aggregated cost amount of all related configuration lines.
- Gross Margin
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The gross margin (GM) expressed as a percentage.
- Difference Amount
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The difference between the new sales amount and the previous sales amount.
- Earned Revenue Factor
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When the Revenue Recognition method is either Earned Revenue Factor (Cost per Period) or Earned Revenue Factor (Cumulative Cost), the calculated Earned Revenue Factor (ERF) for the contract is displayed here.
For every contract change this field is updated, which allows for easy tracking of the ERF changes. The ERF is used for calculating the recognition amount. This value is used only if the Recognize Revenue per Configuration check box is cleared at the configuration.